The Woman In Charge Of Selling Madoff's Stuff

The US Marshals Service
has a $1.3 billion "asset forfeiture" business. Here's the
CEO:

Justin Blum, Bloomberg: Sally Schowalter...works for the
Marshals Service, though she doesn’t carry a badge or a gun. Her
job entails getting the best price for confiscated real estate
such as the Florida house, appraised this year for $7.67 million
by Palm Beach County. With the Madoff house, the hazards for
those who work with Schowalter can be unusual -- including flying
dog poop hurled by a disgruntled passerby...

Schowalter flew to Palm Beach last week to make sure the house is
clean, Madoff’s handmade Belgian shoes are out of sight and the
best real estate agent is hired to market the property...

Schowalter is the real property team leader for a group of 10
people. They work out of agency headquarters in Crystal City,
Virginia, just outside Washington, and manage and sell properties
obtained in cases investigated by agencies including the Federal
Bureau of Investigation and Drug
Enforcement Administration. They also assist prosecutors in
making decisions about property targeted for forfeiture.

“We have the crack house to the penthouse,” Schowalter says...

The Marshals Service asset forfeiture operation -- which also handles
items such as boats, jewelry and cars -- generated $1.32 billion
in the fiscal year that ended Sept. 30, 2008, according to the
agency.

Proceeds from some forfeited properties go to victims. Sales of
other properties pay the salaries of Schowalter and other
administrative staff in the Marshals’ asset forfeiture operation.

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